Nano Dimension Ltd. [NNDM] Stock trading around $6.23 per share: What’s Next?

Nano Dimension Ltd. [NASDAQ: NNDM] stock went on an upward path that rose over 12.66% on Friday, amounting to a one-week price decrease of less than -6.60%. The company report on April 27, 2021 that Nano Dimension Acquires Micro Mechanics 3D-Printing Leader, NanoFabrica Ltd.

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A Micro-Printing Machine-Learning-Driven Revolution in Manufacturing.

3D-Deep Learning will drive AI-Distributed Digital Fabrication Applications.

Over the last 12 months, NNDM stock rose by 698.72%. The one-year Nano Dimension Ltd. stock forecast points to a potential upside of 37.7. The average equity rating for NNDM stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.38 billion, with 248.82 million shares outstanding and 246.81 million shares in the current float. Compared to the average trading volume of 24.18M shares, NNDM stock reached a trading volume of 15674584 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Nano Dimension Ltd. [NNDM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NNDM shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NNDM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Maxim Group have made an estimate for Nano Dimension Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 21, 2016.

The Average True Range (ATR) for Nano Dimension Ltd. is set at 0.62, with the Price to Sales ratio for NNDM stock in the period of the last 12 months amounting to 404.71. The Price to Book ratio for the last quarter was 0.40, with the Price to Cash per share for the same quarter was set at 3.04.

NNDM Stock Performance Analysis:

Nano Dimension Ltd. [NNDM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.60. With this latest performance, NNDM shares dropped by -12.01% in over the last four-week period, additionally plugging by 57.32% over the last 6 months – not to mention a rise of 698.72% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NNDM stock in for the last two-week period is set at 39.30, with the RSI for the last a single of trading hit 40.28, and the three-weeks RSI is set at 39.94 for Nano Dimension Ltd. [NNDM]. The present Moving Average for the last 50 days of trading for this stock 8.10, while it was recorded at 6.02 for the last single week of trading, and 6.65 for the last 200 days.

Insight into Nano Dimension Ltd. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Nano Dimension Ltd. [NNDM] shares currently have an operating margin of -1050.84 and a Gross Margin at -24.18. Nano Dimension Ltd.’s Net Margin is presently recorded at -1426.71.

Return on Total Capital for NNDM is now -10.47, given the latest momentum, and Return on Invested Capital for the company is -14.27. Return on Equity for this stock declined to -14.39, with Return on Assets sitting at -13.72. When it comes to the capital structure of this company, Nano Dimension Ltd. [NNDM] has a Total Debt to Total Equity ratio set at 0.56. Additionally, NNDM Total Debt to Total Capital is recorded at 0.56, with Total Debt to Total Assets ending up at 0.55. Long-Term Debt to Equity for the company is recorded at 0.39, with the Long-Term Debt to Total Capital now at 0.39.

Reflecting on the efficiency of the workforce at the company, Nano Dimension Ltd. [NNDM] managed to generate an average of -$561,313 per employee. Receivables Turnover for the company is 2.07 with a Total Asset Turnover recorded at a value of 0.01.Nano Dimension Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 100.60 and a Current Ratio set at 101.10.

Nano Dimension Ltd. [NNDM] Insider Position Details

There are presently around $235 million, or 11.80% of NNDM stock, in the hands of institutional investors. The top three institutional holders of NNDM stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 12,967,241, which is approximately 54.496% of the company’s market cap and around 0.06% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 6,684,932 shares of the stock with an approximate value of $41.65 million in NNDM stocks shares; and STATE STREET CORP, currently with $17.2 million in NNDM stock with ownership of nearly 3690.407% of the company’s market capitalization.

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Positions in Nano Dimension Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 106 institutional holders increased their position in Nano Dimension Ltd. [NASDAQ:NNDM] by around 22,522,054 shares. Additionally, 28 investors decreased positions by around 1,444,907 shares, while 11 investors held positions by with 13,752,681 shares. The mentioned changes placed institutional holdings at 37,719,642 shares, according to the latest SEC report filing. NNDM stock had 65 new institutional investments in for a total of 5,122,452 shares, while 17 institutional investors sold positions of 782,948 shares during the same period.

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